amendments

Russia Gears Up to Regulate NFTs Through Legislative Amendments

July 27, 2022 Bitcoin.com

amendments

Authorities in Russia are preparing a number of changes to existing laws in order to adopt rules for the country’s market for non-fungible tokens, or NFTs. A working group has discussed the matter and proposed solutions to legally define and regulate transactions with the digital collectibles. Economy Ministry Takes Initiative to Regulate NFTs in Russia […]

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Openseason Is a Thrilling Web3 Battle Royale

Kazakhstan President Signs Law Increasing Tax Burden for Crypto Miners

July 13, 2022 Bitcoin.com

$POWER

President of Kazakhstan Kassym-Jomart Tokayev has signed into law a bill amending the country’s Tax Code to impose higher tax rates on crypto miners. The levy will depend on the amount and average price of electricity utilized in the extraction of digital currencies like bitcoin. Cryptocurrency Miners in Kazakhstan to Pay Higher Taxes President Tokayev […]

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Openseason Is a Thrilling Web3 Battle Royale

Hong Kong to Introduce Licensing for Crypto Platforms Through AML Law

July 10, 2022 Bitcoin.com

ACT

New legislation tailored to regulate the crypto space in Hong Kong aims to implement a licensing regime for crypto service providers. The respective changes to the region’s anti-money laundering (AML) rules have been submitted to its legislature while a recently published report examines relevant threats. Hong Kong Lawmakers to Review Bill Aligning Crypto Sector With […]

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Openseason Is a Thrilling Web3 Battle Royale

Lithuanian Government Approves Stricter Crypto Regulations

June 11, 2022 Bitcoin.com

amendments

The government in Vilnius has approved amendments introducing more stringent regulations for the country’s growing crypto space. The legislation is aimed at managing risks associated with crypto assets and preventing Russian attempts to circumvent Western sanctions imposed over the war in Ukraine. Lithuanian Authorities to Tighten Rules for Crypto Industry Lithuania is preparing to revise […]

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Openseason Is a Thrilling Web3 Battle Royale

National Bank of Georgia to Regulate Country’s Crypto Sector

April 7, 2022 Bitcoin.com

amendments

The National Bank of Georgia is taking steps to regulate the crypto market in the Southern Caucasus country, its governor revealed in a recent interview. While companies in the industry are to expect a licensing regime, financial institutions have already been banned from providing crypto-related services. Central Bank of Georgia to Propose Cryptocurrency Regulations Georgia’s […]

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Openseason Is a Thrilling Web3 Battle Royale

Japan Considers Stricter Crypto Regulations in Light of Russia Sanctions

April 1, 2022 Bitcoin.com

amendments

Authorities in Japan are planning to introduce tougher new rules for crypto operators as part of efforts to prevent Russia from using cryptocurrencies to evade sanctions. The legislative initiative comes after Tokyo asked digital asset exchanges to strengthen transactions monitoring this month. Government of Japan to Close Loopholes for Russians in Crypto Space Amid concerns […]

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Openseason Is a Thrilling Web3 Battle Royale

MiCA Amendments Proposed Last Minute Revive Threat of EU Ban on Bitcoin, Report Reveals

March 14, 2022 Bitcoin.com

amendments

Changes to the EU’s MiCA proposal to regulate crypto markets, suggested shortly before a vote on the package, indicate a bitcoin ban is still a possibility. Despite recently removing wording that would have prohibited coins with energy-intensive mining, some members of the European Parliament are now targeting “unsustainable” cryptocurrencies. New MiCA Paragraphs Call for Subjecting […]

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Banning Crypto Is Like Banning Internet in Russia, Finance Minister Says Amid Differences With Central Bank

February 17, 2022 Bitcoin.com

amendments

It’s impossible to ban cryptocurrencies in Russia, the country’s minister of finance has stated in his first comments on his department’s latest disagreements with the Russian monetary authority. The two institutions are reportedly failing to reach consensus on crypto regulation but the treasury intends to submit draft legislation despite their differences. Disagreements on Future of […]

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Openseason Is a Thrilling Web3 Battle Royale

Belarus Moves to Allow Investment Funds to Acquire Crypto Assets

February 5, 2022 Bitcoin.com

amendments

The crypto-friendly nation of Belarus is preparing to permit investment funds to put money into digital currencies. A proposal to do so is part of a package of necessary legal changes tailored to attract such institutions to the country. Finance Ministry Takes Steps to Facilitate Crypto Investments in Belarus Amendments aimed at luring investment funds […]

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Openseason Is a Thrilling Web3 Battle Royale

Bank of Russia Proposes Wide Ban on Cryptocurrency Use, Trade, Mining

January 21, 2022 Bitcoin.com

amendments

True to its hardline stance on decentralized digital money, the Central Bank of Russia is now pushing for a wide-ranging ban on crypto-related activities such as issuance, exchange, and mining. A consultation paper published by the regulator cites threats to financial stability and citizens’ wellbeing among the main reasons for the proposed restrictions. Russia’s Central […]

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Openseason Is a Thrilling Web3 Battle Royale